8th Dec 2020 17:50
Venture Life Group PLC - Bracknell, Berkshire-based consumer health products - Gets acceptances for 159% of open offer shares, which is scaled back to the originally planned GBP2 million in total. Together with placing, raises GBP36 million at 90 pence per share. Raise is approved by shareholders on Tuesday. Additional to the sale of new shares, three senior managers sell 8.2 million existing shares. Co-Founder & Chief Executive Officer Jerry Randall reduces his stake to 1.5% from 4.5%. Chief Manufacturing Officer Gianluca Braguti cuts his to 2.8% from 8.4%, and Chief Commercial Officer Sharon Collins reduces her stake to 0.8% from 2.4%.
Current stock price: 91.00p
Year-to-date change: up sharply from 33.45p on December 31, 2019
By Tom Waite; [email protected]
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